Noveon key facts
as of Oct 2026- Manufacturer of sintered rare earth permanent magnets intended to serve the renewable power, medical, industrial automation, electric infrastructure and other industries.
- Noveon is valued at approximately $805.0M as of Oct 2026 (last reported valuation).
- It has raised $422.0M; the latest was Later Stage VC ($215.0M) in Jan 2026.
- Notable investors include United States Department of War, In-Q-Tel, Cubit Capital, NGP Energy Capital Management, The Atmospheric Fund — 11 tracked in total.
- Status: Privately Held (backing).
Noveon's last reported valuation, Jan 2026. Nothing priced has surfaced since.
- ·The complete investor list: 11 names
- ·Watch Noveon: the Monday email on marks, rounds and moves
Noveon funding rounds
No funding rounds for Noveon are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
Who backs Noveon
11+Noveon valuation
Noveon's last reported valuation was $805 million in Jan 2026. No priced round, secondary trade or fund mark has surfaced since.
Noveon investors
11 investors are on record for Noveon, including United States Department of War, In-Q-Tel, Cubit Capital and NGP Energy Capital Management.
About Noveon
Manufacturer of sintered rare earth permanent magnets intended to serve the renewable power, medical, industrial automation, electric infrastructure and other industries. The company utilizes abundant alternative raw materials and recycles magnetic waste to produce quality-performance rare earth magnets thereby offering superior magnetic properties at a competitive cost.
- Sector
- Business Products and Services (B2B)
- HQ
- San Marcos, TX, United States
- Founded
- 2014
- Employees
- 100
- Website
- noveon.co/
- Ownership
- Privately Held (backing)
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